The company had clocked a consolidated net profit of Rs 25.31 crore in the corresponding quarter a year-ago, Welspun Enterprises said in a regulatory filing to the BSE.
Using the sum-of-the-parts valuation, Antique assigned a target price of Rs 172 to the stock, implying 78 percent potential upside.
58 stocks in the S&P BSE Small-cap index rose 10-40% in the week gone by which include names like Welspun Enterprises, Dhampur Sugar, Dish TV, and BEML.
This is the verbatim transcript of Welspun Enterprises management call with analysts.
The company has received the letter of award from PWD, Government of Maharashtra, for upgradation of roads/two-laning of roads/ two-laning of roads with paved shoulder under Maharashtra Road Improvement Programme (MRIP) Package on Hybrid Annuity Mode (HAM)...in Amravati, Welspun Enterprises said in a BSE filing.
The company had posted a net profit of Rs 17.20 crore in the year-ago period, Welspun Enterprises said in a filing to BSE.
Welspun Enterprises has reported a consolidated total income from operations of Rs 355.10 crore and a net profit of Rs 22.78 crore for the quarter ended Jun'18
Its net profit during the corresponding year-ago period was at Rs 6.69 crore, Welspun Enterprises, part of the USD 2.3 billion Welspun Group, said in a BSE filing.
Welspun Enterprises reported a total revenue of Rs 192.8 crore for the quarter under consideration, up 260 percent from Rs 53.6 crore in the comparable quarter last year.
It reported a total revenue of Rs 192.8 crore for the quarter under consideration, up 260 per cent from Rs 53.6 crore in the comparable quarter last year.
"The company will develop the project stretch of 8.15 km at a bid project cost of Rs 1,161 crore, and shall receive Rs 9.90 crore/year (adjusted for inflation) as O&M (Operation and Maintenance) payments along with the annuity and interest thereon from the NHAI for a period of 15 years post- construction," Welspun Enterprises said in a BSE filing.
Welspun Enterprises, which is probably the experimental lab for the Welspun Group, holding several non-core and new ventures like infrastructure, oil & gas, power, solar and even finance, is finally sharpening its focus.
In an interview to CNBC-TV18, Sandeep Garg, MD of Welspun Enterprises spoke about the latest happenings in the company.
The company also said that its board has approved the proposal of its subsidiary - Welspun Financial Services Limited (WFSL)- to apply to RBI for NBFC licence.f
ICICI Bank | Yes Bank | Welspun Enterprises | Alkem Labs | Thermax | Sadbhav Engineering | Sadbhav Infrastructure | Berger Paints | Hitech Plast | Excel Industries | Ujaas Energy | Balaji Telefilms | Deepak Nitrite are stocks, which are in the news today.
The company has divested its stake for a consideration of approximately Rs 286 crore, post the shareholders‘ approval by way of postal ballot on February 1.
This deal is another step in the company's business re-organisation efforts in order to create value for its stakeholders by enhancing focus on core businesses, the Welspun Group company said in a filing to BSE.